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Hanover Bancorp Inc - HNVR STOCK NEWS

Welcome to our dedicated news page for Hanover Bancorp (Ticker: HNVR), a resource for investors and traders seeking the latest updates and insights on Hanover Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hanover Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hanover Bancorp's position in the market.

News
Hanover Bancorp, Inc. Reports Earnings for the First Quarter with Increased Net Income and Net Interest Income and Strong Non-interest Income
Rhea-AI Summary
Hanover Bancorp, Inc. reported strong financial performance in the first quarter of 2024 with increased net income, net interest income, and non-interest income. The company's net income reached $4.1 million, showing growth in diluted earnings per share of 7.8% from the prior quarter and 27.9% from the same quarter in 2023. Net interest income increased to $12.9 million, reflecting growth in new loan growth at higher market rates. Non-interest income also saw a significant increase. The company's liquidity position remained strong, with undrawn liquidity sources totaling $644.1 million. Core deposits and total deposits showed growth, and loans increased by $48.3 million. The asset quality remained strong, with non-performing loans at 0.74% of the total loan portfolio. The company's banking initiatives, including SBA & USDA banking, C&I banking, and residential lending, contributed to the positive results. Hanover Bancorp also declared a $0.10 per share cash dividend for common and Series A preferred shares.
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Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter highlighted by Increased Net Income and Net Interest Income and Strong Non-interest Income
Rhea-AI Summary
Hanover Bancorp, Inc. reported net income of $3.8 million for the quarter ended December 31, 2023, with adjusted net income of $4.0 million. Net interest income was $12.7 million, and non-interest income increased to $3.3 million. Total deposits grew by 9.8%, and loans increased by 17.6% annualized. The company also achieved a $0.10 per share cash dividend and filed a shelf registration on Form S-3.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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Hanover Bancorp Announces Joseph Burns as its New Executive Vice President, Chief Lending Officer
Rhea-AI Summary
Hanover Bancorp (NASDAQ: HNVR) appoints Joseph Burns as Executive Vice President, Chief Lending Officer, to lead commercial banking expansion on Long Island and across the New York metro market. Mr. Burns will work on defining commercial banking goals, launching new products, and expanding into new markets, leveraging his expertise in strategic expansion and industry relationships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
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Hanover Bancorp, Inc. Reports Earnings for the Third Calendar Quarter and Fiscal Year 2023 and Declares $0.10 Quarterly Cash Dividend
Rhea-AI Summary
Hanover Bancorp, Inc. reports Q3 and FY2023 financial results with net income of $3.5 million for Q3 and $15.2 million for FY2023. Total deposits increased by $141.4 million. Loans increased by $51.1 million. The company's banking initiatives, including SBA & USDA banking, C&I banking, and residential banking, are gaining traction. The company's Tier 1 leverage ratio is 9.16% and its Total Risk-Based capital ratio is 14.60%. The company announces a share repurchase program and a $0.10 per share cash dividend.
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Hanover Bancorp Approves New Share Repurchase Program
Rhea-AI Summary
Hanover Bancorp, Inc. approves Share Repurchase Program
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End-of-Day
-0.83%
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buyback
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Hanover Bancorp, Inc. Reports Earnings for the Third Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend
Rhea-AI Summary
Hanover Bancorp, Inc. reports Q3 net income of $3.1 million and opens new banking center in Hauppauge. Liquidity sources total $485.8 million. Loans increase by $36.1 million. Tangible book value per share increases to $22.26. Quarterly cash dividend of $0.10 per share approved. Net interest income decreases by $0.4 million. Assets total $2.12 billion.
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Rhea-AI Sentiment
End-of-Day
-0.33%
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dividends earnings
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Hanover Bank Opens Business Banking Center in Hauppauge, Long Island
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2%
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Hanover Bank Announces Appointment of New President
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1.1%
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Hanover Bancorp, Inc. Reports Earnings for the Second Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend
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End-of-Day
0.44%
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dividends earnings
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Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter, Strong Net Loan Growth and Declares $0.10 Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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dividends earnings
Stock HNVR logo
Hanover Bancorp Inc

Nasdaq:HNVR

HNVR Rankings

#4132 Ranked by Market Cap
#2783 Ranked by Stock Gains
#1265 Ranked by Dividends

HNVR Stock Data

102.22M
4.36M
30.29%
23.86%
0.06%
Commercial Banking
Finance and Insurance
Link
United States
Garden City Park

About HNVR

the “new” hanover community bank is now offering a full range of business and related financial services focused primarily towards serving small to medium size businesses, the professional community, and local residents. hanover community bank will continue to operate as a locally-based commercial community bank serving the banking needs of individuals, professionals and businesses in a demographic that recognizes the value of local decision making. all our banking and credit decisions are made “right here” and not by some commercial lender in another state. bank officers and employees will take the time necessary to understand the particular needs of each of their customers and develop the type of consultative relationship desired. our customer base will know who they are banking with at all times. as a locally owned and operated commercial community bank, there will be an extreme focus on service that is highly personalized, resourceful, and responsive to local needs.